/biz/ - Business & Finance

>>59223161
>>59223227
>>59223250
>RwzKQz0D

Damn you sound mad. It is impossible to predict when this will all go down because the FED can setup all sorts of really esoteric facilities to surreptitiously bail out big firms with increasingly bizarre facilities. Think about what RRP is, big firms take a bunch of cash and give it to the FED, in exchange the FED gives a bunch of US treasure notes equal to the amount of cash given, 24 hours later they swap back and the fed returns back interest rate/356 cash as interest. When you think about the "true value" for this, there is none, they have to come up with legal work arounds to remain legal but prop up the obviously failing monetary and financial systems. what useful economic value is produced here? Nothing, but when a firm gives the FED 1billion in cash overnight, and the FED gives the firm 1 billion in treasures overnight, that firm is legally allowed to use that 1 billion in notes to collateralize to hold their books in balance for an amount GREATER THAN 1 billion, literally a secret bailout scam. Swap cash for treasuries, and those treasuries you hold for 24 hours balance your books MORE THAN the 1 billion in cash does because the system is increasingly strained because money = debt.

So Burry (assuming he's not politically well connected) cannot accurately predict when this shit will go down because the government/FED can setup all sorts of wonky facilities to delay the inevitable and wind the bubble even tighter.

threaded:

>>59115381
>>59115381
>>59115381

>>59081027
>>59081035